The fund aims to provide long-term capital growth. The fund invests in a range of assets to gain exposure to equities, bonds, commodities, property and cash based in the UK and other worldwide markets. The Fund will invest in funds and may also invest in transferable securities, money market instruments, cash and deposits. It is anticipated that as an “open” fund, investment shall be made in both funds managed by third party fund providers and funds managed by Fidelity and in such proportions as the investment manager may decide in pursuit of the investment strategy. The fund has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. The fund can invest in bonds issued by governments, companies and other bodies. The fund can use derivatives with the aim of risk or cost reduction or to generate additional capital or income in line with the fund's risk profile. May also make extensive use of derivatives including more complex instruments or strategies to achieve the investment objective and these may result in leverage. In such situations performance may rise or fall more than it would have done otherwise, reflecting such additional exposure.

?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.

?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.

0.04

Beta

?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.

0.98

Sharpe

?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.

0.4

Volatility

?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.

7.13

Tracking error

?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.

1.57

Information ratio

?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.

-0.06

R-Squared

?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.

0.95

Price movement

52 week high164.5

52 week low130.1

Current bid price-

Current offer price-

Current mid price160.3

Region

1

UK

34.1%

2

North America

18.45%

3

Money Market

14.81%

4

Not Specified

12.1%

5

International

5.81%

6

Europe ex UK

5.74%

7

Japan

4.23%

8

Global Emerging Markets

2.43%

9

Pacific ex-Japan

2.34%

Industry sector

1

Equities

56.4%

2

Fixed Interest

16.69%

3

Commodity & Energy

15.08%

4

Others

14.81%

5

Property

8.42%

6

Derivatives

-11.4%

Asset type

1

UK Equities

23.21%

2

North American Equities

18.45%

3

Commodity & Energy

15.08%

4

Money Market

14.81%

5

UK Fixed Interest

10.88%

6

Property

8.42%

7

Global Fixed Interest

5.81%

8

Europe ex UK Equities

5.74%

9

Japanese Equities

4.23%

Individual holdings

1

ILF US DOLLAR FUND DIS C

9.83%

2

BLACKROCK GLOBAL PROPERTY SECURITIES EQUITY TRACKER L ACC

7.42%

3

INDEPENDENT FRANCHISE VAR CAP COMP

7.27%

4

MAJEDIE UK EQUITY X ACC

5.96%

5

FIDELITY STRATEGIC BOND INC

5.09%

6

JOHCM UK DYNAMIC Y ACC

4.87%

7

ARTEMIS INCOME I ACC

4.57%

8

MORANT WRIGHT SAKURA UNHEDGED ACC JPY

4.23%

9

FIDELITY INSTITUTIONAL UK AGGREGATE BOND GR

4.02%

Management

Fund manager group

Zurich

Fund manager company

Zurich Assurance Ltd

Fund type

Pension Fund

Fund objective

The fund aims to provide long-term capital growth. The fund invests in a range of assets to gain exposure to equities, bonds, commodities, property and cash based in the UK and other worldwide markets. The Fund will invest in funds and may also invest in transferable securities, money market instruments, cash and deposits. It is anticipated that as an “open” fund, investment shall be made in both funds managed by third party fund providers and funds managed by Fidelity and in such proportions as the investment manager may decide in pursuit of the investment strategy. The fund has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. The fund can invest in bonds issued by governments, companies and other bodies. The fund can use derivatives with the aim of risk or cost reduction or to generate additional capital or income in line with the fund's risk profile. May also make extensive use of derivatives including more complex instruments or strategies to achieve the investment objective and these may result in leverage. In such situations performance may rise or fall more than it would have done otherwise, reflecting such additional exposure.

Benchmark

No Specified Index

Investment style

Growth

Investment method

No data available.

Fund managers

Name

Since

Biography

James Bateman

05/02/2013

James joined Fidelity in 2012, having previously worked at Barclays Wealth, Northern Trust Global Investments, Investment Manager Selection Limited and Mercer Management Consulting. He has an MA in Economics from the University of Cambridge. James leads our global manager research and portfolio management capabilities.

Ayesha Akbar

01/02/2010

Ayesha Akbar joined Fidelity's MultiManager Business in June 2008 as Portfolio Manager covering Asia Pacific ex-Japan and Global Emerging Market equities. She also brings a wealth of experience in other asset classes as a member of a broad asset team with previous employers. Prior to joining Fidelity Ayesha worked at Barclays Wealth for six years. She spent the first five years helping to establish the £10bn+ multi-manager business with the Private Clients division, working on global and regional fixed income and Asia/Emerging equities. For the last 12 months she has been an Associate Director of the newly formed Wealth division, focusing on manager research and portfolio management for Asian and Emerging equities. Prior to joining Barclays, Ayesha worked for two years as an investment analyst for Abu Dhabi Investment Authority, researching and managing portfolios of external funds focused on UK and European equities. Ayesha Akbar is a CFA Charterholder. She has a BSc (Hons) Economics degree and an MSc (Accounting and Finance) degree both gained from the London School of Economics and Political Science.

Compliance

No data available.

Domicile

No data available.

Fund for sale in

United Kingdom

Zurich Fidelity Multi Asset Open Growth Pn Inet

Initial charge-

Annual charge-

Min single investment£0

Min regular saving£0

Available in ISANo

Ongoing charge (OCF)-

Total expense ratio (TER)-

Bid price138.4

Offer price138.4

Mid price-

CurrencyGBX

Price updated08/12/2016

Type-

Institutional or retail classRetail

Domicile-

Citi codeAIQ0

Zurich Fidelity Multi Asset Open Growth Pn ZP

Initial charge-

Annual charge0.3%

Min single investment£0

Min regular saving£0

Available in ISANo

Ongoing charge (OCF)-

Total expense ratio (TER)1.3%

Bid price-

Offer price-

Mid price160.3

CurrencyGBX

Price updated08/12/2016

Type-

Institutional or retail classRetail

Domicile-

Citi codeZ321

Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.

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